Chevron (CVX, Financial) has agreed to sell its stakes in Canadian oil sands and shale assets to Canadian Natural Resources (CNQ) for $6.5 billion. This transaction includes a 20% interest in the Athabasca oil sands project and a 70% share in the Duvernay shale project in Alberta.The all-cash deal, effective from September 1, is expected to close in the fourth quarter, subject to regulatory approvals. Chevron is refocusing its growth strategy on other regions, particularly the Permian Basin in the United St ...

Shares of major oil companies experienced notable increases. Chevron (CVX) and ExxonMobil (XOM, Financial) both saw their stock prices rise by 1.2%. Occidental Petroleum (OXY) reported a 1% gain, while ConocoPhillips (COP) saw an increase of 1.1%. Additionally, APA Corporation (APA) rose by 1.3%, and both Halliburton (HAL) and Schlumberger (SLB) experienced gains of 1.2% and 1.3%, respectively. ...

In volatile markets, investors are often reminded of the relative security in dividend stocks. These are considered safe havens that can help you generate strong long-term returns. That's as true today as it’s ever been. However, as with any class of stocks, valuation still matters. When you find quality dividend stocks that look significantly undervalued, it’s time to take notice. That’s because when you can pair a high-yield dividend with strong capital appreciation, you add to your total return.  That’s ...

Canadian Natural Resources Limited Announces the Acquisition of Chevron's Alberta Assets and a 7% Dividend IncreaseOctober 07, 2024 5:00 AM EDT | Source: Canadian Natural Resources LimitedCalgary, Alberta--(Newsfile Corp. - October 7, 2024) - Canadian Natural Resources Limited (TSX: CNQ) (NYSE: CNQ) ("Canadian Natural" or the "Company") announces that it entered into an agreement to acquire, subject to regulatory approvals, from Chevron Canada Limited ("Chevron") its 20% interest in the Athaba ...

Company Analysis - Chevron Corporation (NYSE: CVX) is highlighted as one of the best stocks in the oil and gas industry among majors due to its strong production prospects, robust financial position, and discounted valuation [1] Industry Analysis - The oil and gas industry is the focus, with Chevron Corporation being a standout player among major companies in the sector [1] Investment Opportunity - Chevron Corporation presents a potential investment opportunity based on its favorable production outlook, financial strength, and attractive valuation [1]

No matter how you want to play the energy sector, you have good options. Here are three of the top picks.With October now underway, there isn't one single way to play the energy sector, but that's not new. There have always been different tactics for investing in this volatile niche of Wall Street. The question is, which tactic is right for you?Here are three of the top energy stocks to consider as you try to answer that query: Devon Energy (DVN 1.51%), Chevron (CVX -0.34%), and Enbridge (ENB 0.81%). Let's ...

Chevron TodayCVXChevron$151.22 +0.27 (+0.18%) 52-Week Range$135.37▼$170.17Dividend Yield4.31%P/E Ratio13.91Price Target$179.00Add to WatchlistWith so many news items clamoring for investors’ attention, investors may not have noticed that the U.S. Federal Trade Commission (FTC) approved the merger between Chevron Corporation NYSE: CVX and Hess Corp. NYSE: HES. The approval came with the single stipulation that former Hess chief executive officer (CEO) would not join Chevron’s board of directors. The approval ...

The U.S. Treasury's Office of Foreign Assets Control has automatically extended Chevron's (CVX, Financial) operating license in Venezuela until April 2025. This comes as Venezuelan oil experts report that the country's crude oil production has rebounded to 1 million barrels per day (bpd) this year, with expectations to reach 2 million bpd by 2025.Data from the U.S. Energy Information Administration (EIA) shows that in July, Venezuela exported over 300,000 bpd of crude oil to the United States, making it the ...

The oil sector encompasses companies involved in the exploration, extraction, refining, and distribution of oil and petroleum products. It includes major integrated oil companies, independent producers, and oil services firms. Oil stocks represent ownership in these companies traded on public exchanges. The sector’s performance is closely tied to global energy demand and oil prices.Investing in oil stocks can offer several potential benefits. Many oil companies pay substantial dividends, appealing to income ...

High-yield dividend stocks are returning to the spotlight as interest rates descend from record highs following the Federal Reserve’s recent 50-basis-point rate cut. With analysts increasingly bullish on certain large-cap names, there’s a compelling case for investors to consider adding these income-generating stocks to their portfolios. Below, let’s take a closer look at three large-cap stocks that boast attractive dividend yields, positive analyst sentiment, and potential upside.Get Chevron alerts: Kraft ...